Cox Capital Partners, together with its purchaser group, today announced an extension of its mini-tender offer to purchase outstanding shares of FS Specialty Lending Fund, a non-traded business development company (“BDC”). The offer, which commenced on September 10, 2025, will now expire at 5:00 p.m. Eastern Time on October 31, 2025, unless extended, amended or earlier terminated. The Purchasers are not affiliated with FSSL or its adviser.
Reason for the extension
On September 22, 2025, FSSL adjourned its special shareholder meeting to October 14, 2025. The Company is extending the offer to provide stockholders additional time to make an informed decision regarding participation in the offer. The Purchasers are not party to FSSL’s proposals and express no view on them.
Offer terms (unchanged)
The Purchasers are offering to buy up to $41,400,000 of Shares (approximately 3,600,000 Shares) at a purchase price of $11.50 per Share, in cash, without interest and less any applicable withholding taxes, subject to the terms and conditions of the Offer to Purchase.
If more Shares are properly tendered than the maximum sought, the Purchasers will accept Shares on a pro-rata basis.
During the most recent FSSL repurchase offer completed on January 6, 2020, stockholders tendered approximately $263 million of Shares at NAV, and approximately 9.1% of tendered Shares were accepted on a pro-rata basis.
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